md clearing the deck for a defense, page-8

IMHO, Eric is an oil bull. He understands the paradigm shift in how to view long term oil prices (and therefore the value of Anzon). He also understands the days of “cheap” oil are over.

IMHO, AZA is a long term share investment for Eric. Anzon gives ARC tremendous upside in any increasing oil price market. Eric knows this and is buying AZA for that leverage/advantage.

In terms of “there are consideration that we as share holders will never find out”, as part of the Scheme of Arrangement, as I understand it, both ARQ and AZA will produce an Independent Expert’s report. This should list all the considerations.

The AZA Independent Expert’s report (presumably including updated oil and gas reserves/resources) on the value of BMG and AZA’s other assets will vindicate his astute judgement in the acquisition of Anzon.

As a shareholder in BPT, I am waiting patiently for that IER.